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UBS upgraded its rating of the legendary car maker Ford (NYSE: F) from ‘Neutral’ to ‘Buy’ The change, revealed in a note issued by analyst Joseph Spak, stands in stark contrast with the overall view of F stock on Wall Street
UBS upgraded Ford from 'Neutral' to 'Buy' with a $15 price target for 12 months.
KEY POINTS
- UBS analyst Joseph Spak predicts Ford's EPS will exceed $2 in 2027 and $3 later.
- Spak's upgrade is based on Ford's pragmatic EV strategy and focus on higher-margin software.
- Joseph Spak has a 44% accuracy rating and negative average returns on TipRanks.
- UBS's bullish stance contrasts with most Wall Street firms, which rate Ford as 'Hold.'
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